Colgate-Palmolive Q3 net profit rises 36 percent to Rs 330 crore

Colgate-Palmolive (India) reported a 36 percent rise in net profit at Rs 330 crore ($39.7 million) for the October-December quarter, as against Rs 243 crore posted in the year-ago period.

The company’s revenue for the quarter grew by 8 percent to Rs 1,386 crore, as against Rs 1,281 crore reported in the corresponding quarter of the previous fiscal year.

Commenting on the results, Prabha Narasimhan, managing director CEO of Colgate Palmolive in a statement said, “We are pleased with top-line growth for the quarter supported by the strong performance of our core equities. Profitability indicators are on an upward trend, and we continue to enhance the investment support behind our brands.”

“Our current performance underscores the effectiveness of our strategy, focus on technology, securing the right talent, and efforts in governance and cost management. These initiatives have yielded consistent growth for the company,” he added.

Colgate-Palmolive India is one of the leading players in India’s personal care segment with a strong portfolio of brands in the grooming segment. It also owns a stake in men’s grooming firm, Bombay Shaving Company.